Chevron Corportion

Last year, Huntington Ingalls Industries moved to expand beyond its core business of building aircraft carriers and submarines. One of those attempts has not gone as planned. In June, HII acquired UniversalPegasus International Holdings and its 1,500 employees. The Houston-based energy company provides engineering, design and other services to clients in the petroleum industry, including Phillips 66, Hess, BP, Chevron and Shell. The UPI acquisition was completed June 3 — right before oil prices took a dive. On Thursday, Huntington Ingalls announced 2015 first quarter results and the damage to UPI was quantified. The HII segment primarily consisting of UPI reported a $10 million...

Related "Chevron Corportion" Articles

Last year, Huntington Ingalls Industries moved to expand beyond its core business of building aircraft carriers and submarines.
One of those attempts has not gone as planned.
In June, HII acquired UniversalPegasus International Holdings and its 1,500...

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